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(Adds deal details)
SYDNEY, May 3 (Reuters) - Wells Fargo & Co. (WFC.N), the
No. 5 U.S. bank and No.2 mortgage lender, has priced A$500
million ($413 million) of five-year floating rate notes, a
market source said on Thursday.
The issue priced at 18 basis points over three-month BBSW.
Joint leads were Citigroup and nabCapital.
Wells Fargo & Co. is rated AA+ by S&P and Aa1 by Moody's.
The deal details are as follows:
Issuer: Wells Fargo & Co
Amount: A$500 million
Maturity: May 10, 2012
Set date: May 10
Coupon: 18 bps/3-month BBSW
Yield: 18 bps/3-month BBSW
Spread: 18 bps/3-month BBSW
Issue price: 100
Lead(s): Citigroup, nabCapital
Co manager Westpac
Issuer rating: AA+ (S&P), Aa1 (Moody's), AA (Fitch)
($1=A$1.21)
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